Websol Energy System Q2 Revenue Rises 115% to ₹361 Crore

Websol Energy System Limited reported consolidated revenue of ₹361.02 crore for Q2 FY27, a 115% year-on-year increase from ₹168.22 crore, while net profit rose 73% to ₹80.21 crore for the quarter ended September 30, 2026. The result shows continued growth in the company’s reported business scale, although its EBITDA margin declined from the previous year.

What did Websol Energy System report in Q2 FY27?

Websol Energy System reported Q2 FY27 consolidated revenue of ₹361.02 crore, compared with ₹168.22 crore in the corresponding quarter of the previous financial year. This represented a 115% year-on-year increase, taking quarterly revenue above the ₹360 crore mark.

The company reported EBITDA of ₹128.14 crore, up 77% from ₹72.29 crore a year earlier. Consolidated profit after tax, or PAT, rose to ₹80.21 crore from ₹46.32 crore, an increase of 73% year on year. The figures were approved by the board at its meeting on November 4, 2026, along with unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026.

The independent auditors issued unqualified limited-review reports on the results. An unqualified review indicates that the auditors did not identify a qualification requiring modification to their conclusion on the financial information reviewed.

Why did Websol Energy System's profitability margins decline?

Websol Energy System's EBITDA margin declined to 35.49% in Q2 FY27 from 42.97% in Q2 FY26, a fall of 748 basis points. Although EBITDA and PAT increased in absolute terms, profit growth was slower than revenue growth during the quarter.

The supplied results information attributes the earlier decline in profit margin to higher expenses. For Q1 FY27, the company had reported revenue of ₹372.60 crore, net profit of ₹77.79 crore and a net profit margin of 20.88%. That compared with a net profit margin of 31.02% in the March 2026 quarter, when revenue was ₹401.45 crore and net profit was ₹124.51 crore.

The Q2 figures continue the pattern of strong reported revenue but lower operating margin versus the previous-year period. Margin movement is relevant because it indicates how much of each rupee of sales is retained after operating costs, even when headline revenue and profit rise.

How does the Q2 result compare with Websol Energy System's recent performance?

Websol Energy System's Q2 FY27 revenue of ₹361.02 crore was below its reported Q1 FY27 revenue of ₹372.60 crore, while Q2 PAT of ₹80.21 crore was slightly above Q1 PAT of ₹77.79 crore. The quarterly figures should be considered alongside the company’s disclosures on costs, business mix and any operational developments during the half year.

In Q1 FY27, the company reported earnings per share of ₹1.79, compared with ₹1.59 in Q1 of the prior year. Revenue for that quarter was reported at ₹372.60 crore, up from the year-earlier period, while net profit rose 16% year on year to ₹77.79 crore.

For FY26, Websol reported revenue of ₹1,049.44 crore and net profit of ₹303.01 crore. Its operating profit margin for that year was 41.65%, while net profit margin was 28.87%. These full-year figures provide a reference point for assessing the margin levels reported in the first half of FY27.

What business expansion plans has Websol Energy System approved?

Websol Energy System has approved a cash subscription for a 40% stake in Bright Earth Cell, a related party that has not yet commenced operations. The disclosure does not state a subscription amount in the information provided.

The board also approved expansion into engineering, procurement and construction, solar independent power production, solar parks and energy trading. The company said it plans to use wholly owned subsidiaries for the other new business lines. These approvals indicate an intended expansion beyond the activities reflected in the reported quarterly financial results.

The proposed areas are connected to the solar and power ecosystem, covering project execution, generation assets, park development and power trading. However, the available disclosure does not provide a timeline, investment outlay, revenue target or expected financial contribution for these initiatives.

When will investors hear management discuss the Q2 FY27 results?

Websol Energy System scheduled its Q2 and H1 FY27 earnings conference call for November 5, 2026, at 2:30 PM IST. The company issued a revised intimation after technical issues affected the original conference link.

Chairman Sohan Lal Agarwal and Chief Financial Officer Amrit Daga were named as senior management participants for the call. The company said the revised call was intended to provide shareholders with an update on Q2 and H1 FY27 results, without material changes to the financial information already disclosed.

For investors, management commentary may provide further context on the revenue increase, the lower EBITDA margin, expenses and the proposed entry into new business lines. The results announcement itself confirms the financial outcomes, while the call is the scheduled forum for management’s discussion of the half-year performance.

Conclusion

Websol Energy System delivered a substantial year-on-year increase in Q2 FY27 revenue, EBITDA and net profit, with consolidated revenue reaching ₹361.02 crore and PAT rising to ₹80.21 crore. The results also show that EBITDA margin declined by 748 basis points, making cost trends and profitability an important part of the financial picture alongside sales growth.

Investors can watch for management’s comments at the November 5, 2026 earnings call, particularly on the reasons for margin movement and the planned expansion into EPC, solar IPP, solar parks and energy trading. The company has also disclosed its proposed 40% stake in Bright Earth Cell, but the available information does not specify the investment amount or implementation timeline.